A whale bought 35 billion SHIB as the market crashed. Some whales join the “buy low” principle by buying some SHIB. During the market sell-off, short-term traders lowered their positions and most exited the market. Smaller altcoin projects have suffered a greater loss compared to Bitcoin, including Shiba Inu and Doge. Detail Cryptocoin. com
Whales took this altcoin project from the bottom
During the global market correction, Shiba Inu (SHIB) lost 16% of its peak value, but soon recovered with a 10% daily loss, which correlates with Bitcoin (BTC)’s market performance. After yesterday’s sale, the Shiba Inu (SHIB) gained about 30% in one day, but then fell to 15% daily profit. The token has been moving in a short range since November 26 and has not yet crossed either of its borders. While some whales are buying significant Shibs, the market is not reacting at all. The volatility of the SHIB token remains low as both buying and selling pressures have eased, according to the volume indicator. Whales are getting more Shibs in recent fixes. Before the cryptocurrency market crashed by more than 10% in one day, the top 1,000 Ethereum wallets entered USDT and other stablecoins on the Ethereum chain, dropping more than 8% of Shib holdings.
At the time of writing, whale conglomerate has risen to pre-correction levels with nearly $1 billion in assets remaining in whale-tier wallets. The price of Shiba Inu does not seem to be reacting positively, the token is $0.000038 and 0% in one day. It is trading with 72 growth.